From June 4th to August 8th, the domestic steel market price continued the previous week's rally, and the futures market performed better than the spot market. According to Yan Lijuan, general manager of the Shanghai Securities Business Department of Shanghai Securities, the steel market continued to be strong last week, but it also reflected the characteristics of the off-season in a strong operating environment. With the arrival of the wheat harvest season, the impact of high temperature and rainy weather gradually increased, and the overall steel stocks declined at a slower pace. Therefore, it is expected that the favorable factors for the steel market will still exist in mid-to-late June, and steel prices will remain slightly high at high levels. After mid-to-late June, steel prices have a chance of falling after the overall steel output is still high and the demand is facing a seasonal contraction.